New Hope Charter School

Analysis

New Hope Charter School is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, New Hope Charter School reported income of $3.8m and spending of $3.3m, spending 87% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $2.5m to $3.8m (+52%), an average of +52% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Hope Charter School sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Montgomery Preparatory Academy ($3.8m), Gateway STEM Academy ($3.8m) and Icohs College Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $151k (4.5% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $2.8m against liabilities of $2.3m, net assets of $503k. It reported 31 employees.